Form 4: Alcoa Corp Executive Renee Henry Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Alcoa Corp's SVP & Controller, Renee Henry, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On January 24, 2025, Renee Henry, SVP & Controller of Alcoa Corp, reported a transaction involving common stock.
- The transaction involved the withholding of 406 shares at a price of $37.43 per share to cover tax obligations.
- This withholding occurred due to the vesting of restricted stock units (RSUs) granted in 2024, which vest ratably over three years.
- Following the transaction, Renee Henry directly owns 9,571 shares of Alcoa Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 01/24/2025 | Date of transaction: withholding of shares for tax obligations. |
| 01/28/2025 | Date of signature for the Form 4 filing. |
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